Not yet observed in the beta: the Forever client retains this item's record without its stats. Those are sent by the server in-game.Until someone records it, the Classic tooltip is shown below. Forever has reviewed every dungeon's loot, so changes are expected.
In Classic Era, dropped by Hydrospawn, Dire Maul East(20%).
Classic 1.15.9.69722
Waterspout Boots
Binds when picked up
FeetLeather
114 Armor
+6 Intellect
+6 Spirit
Requires Level 53
Equip: Increases damage and healing done by magical spells and effects by up to 25.
Sell Price: 1g 61s 37c
Forever Beta 1.60.1.70009
This item does not exist in the Forever client.